ChartPros Market Insights

Sort of a unique week that should be treated uniquely...

We can’t remember the last time that there was a 4 day trading week where Wednesday was the off day.  That coupled with indice prices trading at or near all time highs truly makes this unique trading conditions. 

So while we're watching indice charts for intraday setups the real edges may be found in Forex or Commodities for a while.

Bank of America is in the news this week but not necessarily for anything they did...

According to recent published reports, the bank is one of Warren Buffet's top 2 holdings with over $40B invested representing roughly 10% of the Oracle of Omaha's Berkshire Hathaway's holdings.  The top spot belongs to Apple.

For this reason alone, we wanted to review their chart from price action technical analysis perspective. 

Best Buy is making headlines today as UBS has upgraded the company to Buy from Neutral and raised its price target from $85 to $106, citing the company's restructuring efforts, new product cycle, and yada yada yada...

So we thought we'd review their chart from a price action technical analysis perspective.

We have featured over 220 Charts of the Day during the past year and teach Price Action Trading for FREE  to traders who join our Highly Rated Trade Room.

Adobe is making headlines today as its stock price posted the biggest gain in more than four years after the company projected strong future sales for its creative products, suggesting customers are adopting the company’s new artificial intelligence (AI) based tools.

So for just about any mature type company like Adobe that is adopting AI we like to review their chart from a price action technical analysis perspective.

See where price could be heading...

CoStar Group is US-based provider of information, analytics, and marketing services to the commercial property industry in the US, Canada, the UK, France, Germany, and Spain. 

The company has been in the headlines recently as a few major shareholders have adjusted their holdings downward while others have added to their position according to published reports citing SEC filings.

Because of these filings and by request we wanted to review their chart from a price action technical analysis perspective.

Wait until you see what we discovered on this chart that could happen really soon!

One of the most frequently asked questions we get is:

Can the markets keep going higher?

The short answer is:

YES... It’s possible because the S&P 500 ticker /ES still has potential higher time frame targets in play.

Today we simply present multiple time frame charts as they speak for themselves...

Crown Castle, an enterprise provider of shared communications infrastructure, is making headlines this week as it streamlines capital expenditures in its fiber segment, cuts jobs, revises guidance and yada yada yada...

The company's stock price has been free falling the past 18 months so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see what price recently did on this chart!

The U.S. Supreme Court declined on Monday to consider supermarket chain Kroger's request to block Grubhub's use of the food-delivery company's fork-and-knife logo based on allegations that it would cause confusion with the Kroger meal-kit service Home Chef's logo.

When we last featured Kroger in September 2023 price was about $44 and trading in a wedge and has since broken out to the upside so we wanted to review their chart again from a price action technical analysis perspective.

See where price could be heading next...

Roaring Kitty: Clown or Genius?

Keith Gill /aka/ Roaring Kitty made a spectacular and much anticipated return to social media on Friday with a YouTube Live Stream to an estimated 600K viewers.

Regardless of what we or you think about all the shenanigans behind Gill's approach, an argument could be made that in some weird sort of way he's carving out a new way to invest with a cult like following that's not too different than the entertainment value provided by "professional wrestling."

While many retail traders are focused on GameStop today we're going to feature Airbus (AIR). 

Airbus is a European multinational aerospace corporation making headlines recently as it began building a new A320neo-family assembly line in Toulouse, France to replace an older and less efficient facility and help speed up production.

Wait until you see what price recently did...

The next wave of Disney theme park expansion in the U.S. is primed to be in California rather than Florida. The global entertainment giant plans to invest $60B in parks and cruises during the next decade.

Since we last featured Disney back in May 2023 price went down about 15%, recovered to rise from there about 15% but is now essentially back in the same area having spectacularly gone nowhere for the buy and hold investors that were already in.

Price seemingly has been hanging on to big round number $100 level the past few weeks, see where it could go if the bulls drop the ball from here.

Accenture (ACN), a global business management consulting firm, is trending in the news lately and not for great reasons.

Unlike the broader markets which have essentially been on a meteoric rise the past several months, Accenture's stock price has been plunging most of this entire calendar year so we wanted to review their chart from a price action technical analysis perspective.

See what price could do by the end of this month.